AiCoin Daily (November 1st)

[New Hampshire Senate Temporarily Halts Progress on Crypto Mining Regulation Relaxation Bill] On November 1, the New Hampshire Senate Commerce Committee voted on House Bill 639, which aims to relax regulations on cryptocurrency mining. However, the vote ended in a deadlock due to divided opinions. The bill seeks to prohibit municipal authorities from imposing restrictions on cryptocurrency mining activities and to ban state or local governments from levying special taxes on digital assets. Ultimately, the committee decided, with a vote of 4 to 2, to send the bill for interim study for further review. Several senators noted that public feedback on the bill has significantly increased since the last debate.

Elon Musk stated in a conversation with Joe Logan that the design inspiration for the new messaging application on X platform comes from Bitcoin. This application may embody the concept of decentralization. （Bitcoin Archive）

The current price of BTC is $110064.76, with a rise of 0.50% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 149 million US dollars, with the main liquidation being short orders and BTC liquidation being 33.78 million US dollars (22.65%). The data is for reference only.

[AllianceDAO Co-founder QwQiao: Most Traders Turn Bearish on the Market] AllianceDAO Co-founder QwQiao stated that the majority of experienced traders and long-term investors have shifted to a bearish outlook during different cycles, and the overall sentiment in the crypto market has become cautious. QwQiao revealed that he has adopted a cautious stance on market trends since mid-September, believing that under the convergence of multiple signals, moderately reducing positions is a more rational approach. He pointed out that the market may currently be in a phase of structural divergence, with AI concept stocks continuing to rise, while other assets, including crypto assets, are under pressure.

OKX has announced the addition of LAB (LAB) to multiple services, including futures contracts, officially launching on 2025-11-01 at 08:00 (UTC+8). Notes: - The LABUSDT perpetual contract will open for trading on November 1, 2025, at 8:00 PM (UTC+8). Please prepare for trading in advance. - The leverage range is from 0.01x to 50x. Users should choose leverage suitable for their risk tolerance. - The funding fee settlement cycle is every 4 hours. Pay attention to changes in the funding rate and their impact on trading costs.